Hey everyone,
I just heard some news about mortgage help for people affected by the recent wildfires in California. Apparently, Governor Newsom got some banks and credit unions to agree to help out. Does anyone know more details about this? Like what kind of relief they’re offering or how to apply? I’m wondering if it’s just for people who lost their homes or if it’s for anyone in the fire-affected areas.
Also, has anyone here actually gotten any mortgage help after a disaster before? I’d be really interested to hear about your experience if you have. Thanks for any info you can share!
This is interesting. I’m curious about how long the relief program is expected to run and if it applies to all mortgage types in affected areas. Have any of you applied for these measures? I’m interested to know your experiences.
I’ve been following this situation closely. From what I understand, the relief measures include options like payment deferrals and waived late fees for those in fire-affected areas. It’s not just for people who lost homes, but also for those facing financial hardship due to the fires.
To apply, you’ll likely need to contact your mortgage servicer directly. They should have specific procedures in place. The duration of relief may vary by lender, so it’s best to inquire about the details.
While I haven’t personally gone through this process, I’ve heard mixed experiences from others. Some found it helpful in the short term, but it’s important to understand how it might affect your loan long-term. Make sure to get all terms in writing and ask about any potential impacts on your credit score or loan duration.